Cotton Futures Fall to One-Year Low

TODAY: Feb. 9, 2016 PUB DATE: Feb. 9, 2016

By Julie Wernau Cotton prices slumped to end at a one-year low Monday with China, the world's second-largest cotton importer, and most of southeast Asia on holiday. Cotton for March delivery dropped 0.6% to 59.60 cents a pound on the ...

Australian Business Conditions Resilient in January

TODAY: Feb. 9, 2016 PUB DATE: Feb. 9, 2016

By James Glynn SYDNEY--Australian business conditions weakened slightly in January, but remained resilient overall in the face of sharp declines in global share prices and commodity markets. The National Australia Bank's index of business conditions fell to a net balance ...

Variable Annuities Face New Test From the Government

TODAY: Feb. 9, 2016 PUB DATE: Feb. 9, 2016

By Anna Prior Variable annuities--which are controversial but widely used for retirement saving--are about to face one of their stiffest tests thanks to a Labor Department proposal. The proposed rule, expected to be finalized as soon as next month, would ...

U.S. Grains, Soybeans Decline As Oil Slides -- Update

TODAY: Feb. 9, 2016 PUB DATE: Feb. 9, 2016

By Jesse Newman CHICAGO--U.S. grain and soybean prices slid to multiweek lows on Monday amid ongoing turmoil in world financial markets and tumbling oil prices. Wheat prices dropped to a five-week low, pressured in part by falling world stocks and ...

Yen Soars Against Rivals as Risk Aversion Deepens

TODAY: Feb. 9, 2016 PUB DATE: Feb. 9, 2016

By Hiroyuki Kachi The yen soared against its rivals in choppy Asia trade Tuesday, as risk aversion deepened and investors fled riskier assets to the perceived safety of the Japanese currency. The greenback tumbled to Y114.20, its lowest level since ...

Oil Prices Rise Amid Uncertainty on Output Cuts

TODAY: Feb. 9, 2016 PUB DATE: Feb. 9, 2016

By Biman Mukherji Oil prices rose in Asia on Tuesday, despite receding hopes of a coordinated production cut between major oil producers. A Sunday meeting between Saudi Arabia and Venezuela ended without any plans for production cuts, damaging hopes that ...

Australia Eyes Privatization of Public Health and Welfare Payments

TODAY: Feb. 9, 2016 PUB DATE: Feb. 9, 2016

By Rob Taylor CANBERRA, Australia--Australia's government is considering a multibillion-dollar privatization of public health and welfare payments, as conservatives look for new ways to refill budget coffers emptied by an economic slowdown and collapsing prices of the country's resource exports. ...

Japan Markets Shaken as Investors Seek Shelter

TODAY: Feb. 9, 2016 PUB DATE: Feb. 9, 2016

TOKYO? Japanese stocks fell more than 5% and the yield on the benchmark government bond dropped into negative territory for the first time, twin signs of a flight to safety that threatened to undermine the nation's slow recovery under Prime ...

Asia-Pacific Stocks Fall in Early Trading

TODAY: Feb. 9, 2016 PUB DATE: Feb. 9, 2016

Stock markets in the Asia-Pacific region were down after concerns about the health of banking and energy companies led to selloffs overnight. Japan's benchmark Nikkei Stock Average was recently down 3.8%, relinquishing all the gains it made on Monday. Australia's ...

Greek Prime Minister Visits Tehran

TODAY: Feb. 9, 2016 PUB DATE: Feb. 9, 2016

Greek Prime Minister Alexis Tsipras on Monday became the first Western leader to visit Iran since the lifting of trade sanctions against the Middle Eastern nation, as Greece aims to become a conduit between the European Union and Tehran. "Greece ...

Australia Eyes Privatization of Public Health and Welfare Payments

TODAY: Feb. 9, 2016 PUB DATE: Feb. 9, 2016

CANBERRA, Australia?Australia's government is considering a multibillion-dollar privatization of public health and welfare payments, as conservatives look for new ways to refill budget coffers emptied by an economic slowdown and collapsing prices of the country's resource exports. In a move ...

Global Growth Fears Hit Bank Stocks

TODAY: Feb. 9, 2016 PUB DATE: Feb. 9, 2016

By Mike Cherney, Justin Baer and Aaron Kuriloff Investors are dumping bank stocks amid worries that a protracted period of slowing global growth, plunging oil prices and rock-bottom interest rates will combine to inflict pain on the world's largest financial ...

Fox Revenue Falls as Film Declines Offset Higher TV Ad Revenue

TODAY: Feb. 9, 2016 PUB DATE: Feb. 9, 2016

By Keach Hagey and Tess Stynes 21st Century Fox Inc. lowered its fiscal year earnings guidance on Monday, citing a disappointing film slate and a greater-than-expected hit from foreign currency fluctuations. The reduced outlook was disclosed along with a drop ...

China's Forex Reserves Plunge to More-Than-Three-Year Low

TODAY: Feb. 9, 2016 PUB DATE: Feb. 8, 2016

China's foreign-exchange reserves fell to the lowest level in more than three years in January, raising questions about how long Beijing can keep burning through the rainy-day funds to defend the yuan without triggering a huge flight of capital. The ...

Oil Prices Hold Steady In Line With Dollar

TODAY: Feb. 9, 2016 PUB DATE: Feb. 8, 2016

By Biman Mukherji Crude oil prices are holding steady in line with the U.S. dollar, but excess supply will likely keep a lid on gains. On the New York Mercantile Exchange, light, sweet crude futures for delivery in March traded ...

India's Economy Expanded 7.3% Last Quarter -- Update

TODAY: Feb. 9, 2016 PUB DATE: Feb. 8, 2016

By Raymond Zhong NEW DELHI--India said its economy expanded 7.3% in last year's fourth quarter and is expected to grow 7.6% in the 12 months ending March 31, as household and government spending lift Asia's No. 3 economy amid flagging ...

Global Stocks Fall as Brief Oil Rally Fades -- 2nd Update

TODAY: Feb. 9, 2016 PUB DATE: Feb. 8, 2016

By Riva Gold Investors sold global stocks and plowed into government bonds Monday as oil prices resumed their downward trend. In volatile trade, the Stoxx Europe 600 was down 2.3% late morning, reversing an early bounce. After five consecutive sessions ...